Registered Representative Salary

Registered Representatives in the United States can expect to earn an average of $41K annually. A strong majority report receiving medical coverage from their employers and the larger part collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. Most Registered Representatives report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$32,023 - $70,337
(Median)
$32K
$41K
$70K
MEDIAN: $40,858
10%
50%
90%

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$12.26 - $21.79
(Median)
$12
$17
$22
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Salary
$32,023 - $70,337  
   
Bonus
$966 - $9,960  
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,053 - $68,211  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 99
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$12.26 - $21.79  
   
Overtime
$20.35 - $30.65  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$966 - $9,960  
   
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,053 - $68,211  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 22
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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience seems to be a major factor in determining the incomes of Registered Representatives. The median compensation for relatively untried workers is $41K; in the five-to-10 year group, it's higher at around $50K. The average pay reported by folks with 10 to 20 years of experience is around $56K. Survey participants who have worked for more than two decades report bringing in $72K on average.

United States (change)

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Experience Affects Registered Representative Salaries

Late-Career
up arrow 63%

Experienced
up arrow 26%

Mid-Career
up arrow 13%

National Average
$44,000

Entry-Level
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
4%
1-4 years
55%
5-9 years
21%
10-19 years
12%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 67%
vision benefits Vision: 58% employee benefits None: 18%
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